The ASX is expected to rise on Thursday after Wall Street rallied overnight.
Here are some ASX-listed companies to look out for during Thursday’s trade:
AIC Mines (A1M) has announced updated mineral resource and ore reserve estimates for its Eloise copper mine in north Queensland.
As of December 31, 2022, the mineral resource had increased to 137,200 tonnes of contained copper and 118,800 ounces of contained gold, representing a 19 per cent increase in both copper and gold, net of mining depletion.
As for the ore reserve, the company said it had increased to 52,600 tonnes of contained copper and 43,100 ounces of contained gold — a 46 per cent increase and 32 per cent rise in gold, net of mining depletion.
The company said a significant contributor to increases was the discovery of the “high-grade” Lens 6 deposit.
Shares in A1M last traded at 41 cents.
Golden State Mining (GSM) has completed its phase three aircore (AC) drilling program at its Four Mile Well project in Laverton, Western Australia.
The program included 12 holes for 982 metres to assess the “gold-in-soil” anomalism and dislocated magnetic feature target.
“This program was completed on time and on budget and we now look forward to receiving assay results within the next five weeks,” Golden State Managing Director Michael Moore said.
Shares in GSM last traded at 3.7 cents.
Orbital UAV (OEC) has inked a continuation contract worth $2.08 million with a major Singapore customer.
“The contract continuation represents another positive milestone in this new UAV engine program for our prestigious Singapore customer,” Orbital CEO and Managing Director Todd Alder said.
“Engineering work continues to progress as planned, moving us towards initial production later this year.”
Production of OEC’s new engine model is planned to start in the first half of
the 2024 financial year.
Shares in OEC last traded at 15 cents.
New Zealand Coastal Seafoods (NZS) has bolstered its board of directors in a bid to optimise the company for growth moving ahead.
The leading secondary producer of nutraceuticals, seafood products and premium marine ingredients announced it made two key appointments, with existing director Aldo Miccio becoming Chairman and Nine Ocean Group executive Peter Chai assuming the Managing Director position.
Mr Miccio is a co-founder of NZS, and the company said he had been instrumental in its growth trajectory to date. Mr Chai has worked with Nine Ocean group since its start and has more than 30 years of experience in corporate management.
Shares in NZS last traded at 0.2 cents.
EZZ Life Science (EZZ) has launched its Amazon online store in Australia, accompanied by the release of three new EZZ products.
“We are delighted to have established a key new distribution channel with Amazon,” EZZ Chairman Glenn Cross said.
“Amazon is one of the largest and fastest-growing online e-commerce marketplaces in Australia and will form an important part of EZZ’s omnichannel strategy.”
The company announced it selected an initial range of 29 key products for its Amazon store, with further products to be added in the coming months.
Of the 29 products, 15 are EZZ-branded products and 14 are EAORON-branded products.
Shares in EZZ last traded at 38 cents.